The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-01-18
CONDITION OF THE MARKETS
Wheat Exhibits Increased Strength, but
the Advance Is Very Slight.
PRESSURE to Sell Corn Adds to the Weakness
Of That Market-Oats Dull and Lower
Provisions Fairly Active but Unsettled.
MONEY, BONDS AND STOCKS.

4 Moderate Degree OF Activity In Securities,
with Irregular Market.
NEW YORK, Jan. 1Z-Money call was
sasy at 4aG per cent. closing at per cent
Prime mercantile paper scarce aud wanted at
s17 per cent.
Sterling exchange was active and firm at 81 S2s
for sixty day bills, and a. S6a for demand.
The total sales of stocks for the day were
B53, 1899 shares, including the following: Della
ware, Lackawanna & Western, 5000; Erie, $40;
Lake Shore 10, 275; Louisville and Nashville, g.
40; North western. 1890; New Jersey Central,
10. sos; New York Central 4,2S5; Pacific Mail, g.,
$50; Reading, 72,21O: ST. Papl. $3.50; ST. Paul
q Omaha. $500: Texas Pacific, G, 725; Union Pa
ciac, ii, lis; Western Union, IL, $50; Richmond
& West Point, $3.50; Hooking Valley, 9,463;
New England, 5000
Government bonds were dull and steady.
Railroad bonds were moderately active and
heavy.
The stock market, while only moderately act
i've, except for two stocks, showed unusual irreg-
ularty and fevershness. The market showed
frmness early in the day, due to purchases for
foreign account and the strength of the London
market The room traders freely covered their
shorts" but liquidation of several long accounts
prevented any material advance. The Richmond
81 West Point stocks. and the East Tennessees
were the the special features of the day, and
were weak when the remainder of the list were
firm. There were many rumors afioat which
were used to depress prices. all CT which lacked
confirmation The most important of these was
to the effect that the deal between the Rich
mond & West Point and East Tennessee
had hoan stopped by an injunction. There vas
. somewhat better feeling late in the afternoon.
but the rally for fractions only Reading
and Jersey Central were both active and firm in
the face of generally weak market, upon good
buying from inside sources. The market opened
firm to strong, with advances over Saturdays
closing figures ranging up to per cent. Tho
early trading was done at declining figures, but
the weakness disappeared after the first half
hour. There was another short period of firm
ness in the afternoon, when the decline
was renewed, and the lowest prices
about 2 r. NJ. There was some improvement in
the last hour and the market, with the excep-
ton Of Richmond & West Point, closed about
steady. Sales, 353 399 shares: Richmond & West
Point contributed $780, Reading, 72,2l0; St.
Paul, l9, $50; Jersey Central, 16,50a There are
few advances this evening, but none for more
than fractions, while West Point is down 81 and
fsrred, 3; the first preferred, 2; Nickel-plate q
Western Union, per cent
There was fair trading In railroad bonds;
sales. 81, sos 600. Prices generally steady, and
closing figures show irregular changes, gener
ally for email fractions. The active issues were
the Denver & Rio Grsnde fours, in which the
ssies were $234 900; Nickel plate receipts. $685.
900, and Texas Pacific income receipts, STAT 600
Ontario s. Western firsts rose 81 to ITO; Nickel
plate seconds, 81, to 90; ST. Paul consolidated
sevens declined 2, to 12S. Closing quotations
werei